ON THE NEED FOR BALANCE BETWEEN THE RUSSIAN ECONOMY OPENNESS AND THE PROTECTIONISM UNDER THE CONDITIONS OF ECONOMY CRISIS AND ANTI-RUSSIAN SANCTIONS: ECONOMIC MIND GENESIS IN THE CONTEXT OF HISTORICAL EXPERIENCE


Cite item

Full Text

Abstract

The paper analyzes the evolution of economic doctrines of the essence of the economy openness and the necessity of protectionist security of its certain industries and sectors. The author proves the necessity of determination of balance between the tools of economy openness and protectionism in the state foreign economic policy. Based on the historical overview and understanding of foreign trade theories, the author proved that the choice between the policy of open economy or protectionism while managing foreign economic relations in their uncompromising variants was typical for previous centuries. Nowadays, these two approaches are interrelated and mutually essential. The issue of the interrelation common mechanisms should be considered principally in the context of historical moment and place of a country in the international differentiation of labour. In this regard, it was proved that the strengthening of protectionist measures by Russia is reasonable in the period of economy crisis and anti-Russian sanctions. At the same time, the paper shows that the protectionist security, whichever reasonable and effective it happened to be, cannot cancel the necessity of implementation of macroeconomic policy tasks directed at the restructuring in the near future of export-oriented and import substitution enterprises.

The author proves that the artificial safeguard from foreign competition reduces motivation for the improvement of domestic production efficiency, encroaches on consumer interests, and leads to the strengthening of inflation development in the domestic market. As the result, the author developed and proved scientifically the proposals on correcting foreign policy of Russia from the perspective of balance between the economy openness and protectionism. The paper draws the conclusions on the predominance of the concept considering the national economy as an open economy focused on the foreign market.

About the authors

Natalya Nikolaevna Shchebarova

Murmansk Academy of Economics and Management, Murmansk

Author for correspondence.
Email: censey@mail.ru

Doctor of Sciences (Economics), professor of Chair “Economics, Management and Finance”

Russian Federation

References

  1. Lozovskiy L.Sh., Rayzerberg B.A., Starodubtseva E.B. Sovremennyy ekonomicheskiy slovar [Modern economic dictionary]. Moscow, Infra-M Publ., 1997. 496 p.
  2. Abalkin L.I., ed. Ekonomicheskaya entsiklopediya [Economic encyclopedia]. Moscow, Ekonomika Publ., 1999. 1055 p.
  3. Prokhorov A.M., ed. Bolshoy entsiklopedicheskiy slovar [Great encyclopedic dictionary]. Moscow, Bolshaya Rossiyskaya entsiklopediya Publ., 1998. 1456 p.
  4. Slovar sovremennoy ekonomicheskoy teorii Makmillana [Macmillan dictionary of modern economics]. Moscow, Infra-M Publ., 2003. 608 p.
  5. Azimov K.A., Arutyunyan G.S., Varlamova T.P., Vasileva N.A., Neganova L.M., Sarafanova E.V., Shash N.N. Bolshaya ekonomicheskaya entsiklopediya [Great economic encyclopedia]. Moscow, Eksmo Publ., 2007. 816 p.
  6. Daniltsev A.V. Mezhdunarodnaya torgovlya: instrumenty regulirovaniya [International trade: tools of regulation]. Moscow, Delovaya literatura Publ., 2004. 320 p.
  7. Saks D.Zh., Uorner E. Economic convergence and economic policy. Voprosy ekonomiki, 1995, no. 5, pp. 13–39.
  8. Kornai J. The road to a free economy. Shifting from a socialist system: the example of hungary. New York, W.W. Norton, 1990. 224 p.
  9. Nukhovich E.S., Smitienko B.M. Mirovaya ekonomika na rubezhe XX–XXI vekov [World economy at the turn of XX-XXI centuries]. Moscow, Finansovaya akademiya pri pravitelstve RF Publ., 1995. 103 p.
  10. Ob itogakh sotsialno-ekonomicheskogo razvitiya Rossiyskoy Federatsii v 2014 godu [On the results of social and economic development of the Russian Federation in the year 2014]. Moscow, Minekonomrazvitiya Rossii Publ., 2014. 231 p.
  11. Principal derived indices of dynamics of rouble exchange rate in January – December of 2014. Ofitsialnyy sayt TsB RF. URL: cbr.ru/statistics/print.aspx?file=credit_statistics/ex_rate_ind_14.htm&pid=svs&sid=analit.
  12. An interview of President of the USA Barak Obama for tabloid Washington Post. Washington Post, 2014, 28th of February, p. 1.
  13. Wolfgang grupp. Die wirtschaftsverbände haben versagt. Handelsblatt, 2014, 24th of September, pp. 3–4.
  14. G-7 Leaders Statement. The White House. Office of the Press Secretary. 2014 02 of March. URL: whitehouse.gov/the-press-office/2014/03/02/g-7-leaders-statement.
  15. Olenchenko V. European intention of anti-Russian sanctions. Informatsionnoe agentstvo Regnum. URL: regnum.ru/news/polit/1801227.html.
  16. Chronology of introducing sanctions and counter measures of Russia in 2014–2015. Elektronnyy zhurnal RIA Novosti. URL: ria.ru/spravka/20151125/1328470681.html.
  17. Smit A. Issledovanie o prirode i prichinakh bogatstva narodov [An inquiry into the nature and causes of the wealth of nations]. Moscow, Gosudarstvennoe sotsialno-ekonomicheskoe izdatelstvo Publ., 1935. 471 p.
  18. Schumpeter J.A. History Of economic analysis. Oxford, University Press, 1994. 146 р.
  19. Marks K., Engels F. Sochineniya [Writings]. Moscow, Gosudarstvennoe izdatelstvo politicheskoy literatury Publ., 1960. Vol. 23, 920 p.
  20. Marks K., Engels F. Sochineniya [Writings]. Moscow, Gosudarstvennoe izdatelstvo politicheskoy literatury Publ., 1960. Vol. 21, 782 p.
  21. List E. Das nationale system der politischen Okonomie. Stuttgart, Cotta, 1927. 404 p.
  22. Sombart F. Die zukunft des kapitalismus. Stuttgart, Cotta, 1932. 276 p.
  23. Heckscher Е. Mercantilism. New York, The Macmillan Company, 1955. Vol. 2, 426 p.
  24. Оlin B. Interregional and International trade. London, Harvard University Press, 1933. 302 p.
  25. Caves R.E. Trade and economic structure. Models and methods. London, Harvard University Press, 1963. 317 p.
  26. Taussig F.W. Selected reading an international trade and tarif problems. London, Harvard University Press, 1921. 289 р.
  27. Viner J. Studies in theory of international trade. New York, Kelly, 1965. 367 p.
  28. Porter M. Mezhdunarodnaya konkurentsiya [Competitive advantage of nations]. Moscow, Alpina Pablisher Publ., 2016. 929 p.
  29. Keyns D.M. Obshchaya teoriya zanyatosti, protsenta i deneg [The general theory of employment, interest and money]. Moscow, Literatura, 1948. 154 p.
  30. Klark Dzh.M. Ekonomika obshchestvennykh rabot [Economy of public work]. Moscow, Vilyams, 1935. 102 p.
  31. Haberler G. International trade and economic development. New York, Cairo, 1959. 548 p.
  32. Harris S.E. International and interregional economics. New York, Cairo, 1957. 426 p.

Supplementary files

Supplementary Files
Action
1. JATS XML
Download

Copyright (c)